Radisson Blu Hotel will be located at Cebu City’s North Reclamation Area, near the city’s international port, and SM City Cebu.
SM
SMDC to launch low-cost condos projects in May, Great Innovation SM
Tuesday, April 27, 2010 SM Development Corp. (SMDC), the listed middle income property developer of tycoon Henry Sy, is joining the low-cost housing bandwagon as it bared a plan to offer condominium units priced P1.1 million and below. It is a nice surprise to find SM is going into low cost condo development and the public and overseas contract workers will apprciate centrally located condos low priced near SM malls. How many more 5 star condos does the country need? OFW and retirees want low priced condos not 5 star even if developers love the big margins on 5 star condos! More power to SM and to middle class development. BUT WHY HAVEN'T THEY STARTED THE HOUSING DEVELOPMENT IN CEBU SEASIDE TOO? WE WANT IT NOW! THE REAL ESTATE IS BOOMING
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iMAX to finally hit SM Cebu this summer
(The Freeman) Updated February 19, 2010 CEBU, Philippines - Whether the Cebu market is ready or not, SM City Cebu is bent on bringing in the iMax technology here this summer. Continue reading here http://www.philstar.com/Article.aspx?articleId=550949&publicationSubCategoryId=108
Other SM News
Other SM News
SM to open 20 Philippine stores this year mostly SaveMore
ABS-CBN News 01/22/2010 MANILA, Philippines - The retail unit of Sy-led SM Group is planning to spend up to P2 billion this year to put up 20 new stores.
Robert Kwee, executive vice president of SM Hypermarket, said bulk of the new stores would be SaveMore outlets, and will be located in different parts of the country.
SaveMore is a stand-alone supermarket, which usually caters to the lower-end segment of the market. Continue reading here http://www.abs-cbnnews.com/business/01/22/10/sm-retail-unit-open-20-stores-year
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Robert Kwee, executive vice president of SM Hypermarket, said bulk of the new stores would be SaveMore outlets, and will be located in different parts of the country.
SaveMore is a stand-alone supermarket, which usually caters to the lower-end segment of the market. Continue reading here http://www.abs-cbnnews.com/business/01/22/10/sm-retail-unit-open-20-stores-year
.
SM Prime to invest P20B in Cebu property ........Cebu Residents are excited
Thursday, 14 January 2010 Via Business Mirror THE Cebu City government on Thursday signed an agreement with SM Prime Holdings Inc. for the outright sale of 30 hectares of the reclaimed South Road Properties (SRP), marking the official start of an estimated P20-billion investment by the company in the property for the next eight years.
SM Prime president Hans Sy said they will build a new mall that should be among the top 10 biggest malls in the world, a convention center and a chain of sky-rise hotels and condominium buildings. Two to five years following the completion of the mall, Sy said the company will put up a high-rise residential project, a school and a hospital. He said the whole development will be completed in eight years.
Although the contract with the city stipulates SM to build within 18 months, Sy said construction work will commence by the middle of 2010 for the 250,000-square-meter mall and the 60,000 square-meter convention center.
Continue reading here http://businessmirror.com.ph/home/regions/20931-sm-prime-to-invest-p20b-in-cebu-property.html
SM Prime Holdings president Hans Sy turns over to Cebu City Mayor Tomas Osmeña the initial payment of P406 million for a portion of SRP to the city government as other city and SM officials look on following the signing of the agreement yesterday. CYRIL CAMPOREDONDO
Read more at these links just click the titles below
SM Prime president Hans Sy said they will build a new mall that should be among the top 10 biggest malls in the world, a convention center and a chain of sky-rise hotels and condominium buildings. Two to five years following the completion of the mall, Sy said the company will put up a high-rise residential project, a school and a hospital. He said the whole development will be completed in eight years.
Although the contract with the city stipulates SM to build within 18 months, Sy said construction work will commence by the middle of 2010 for the 250,000-square-meter mall and the 60,000 square-meter convention center.
Continue reading here http://businessmirror.com.ph/home/regions/20931-sm-prime-to-invest-p20b-in-cebu-property.html
SM Prime Holdings president Hans Sy turns over to Cebu City Mayor Tomas Osmeña the initial payment of P406 million for a portion of SRP to the city government as other city and SM officials look on following the signing of the agreement yesterday. CYRIL CAMPOREDONDO
Read more at these links just click the titles below
SM
SM SEATING
